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The Demand for Commodity X Is Represented by the Equation

Question 194

Multiple Choice

The demand for commodity X is represented by the equation P = 10 - 0.2Q and supply by the equation P = 2 + 0.2Q.Refer to the above information.The equilibrium quantity is:


A) 10
B) 20
C) 15
D) 30

Correct Answer:

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